Power · NSE: NTPC
Intrynsic's multi-model valuation estimates NTPC Limited's fair value at ₹323 per share (range ₹154–₹386) against a market price of ₹298 (close of 23 Oct 2026): the estimate is 8% above the price. Estimate updated 23 October 2026. This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹298
close of 23 Oct 2026
Est. fair value
₹323
₹154–₹386
Estimate vs price
+8.3%
estimate above price
Near fair-value est.
NTPC is India's largest power generator, running mostly coal plants under regulated returns while building a large renewables pipeline. The government owns a majority stake.
FY26
FY26
FY26
FY26
Over the last 3 years, revenue grew 2.1%/yr and profit grew 17.2%/yr. Over 9 years, revenue grew 9.6%/yr and profit 11.1%/yr.
Every ₹100 of shareholder money earned ₹13.6 in profit last year, vs a sector median of 9.8%.
Debt is 1.33x shareholder equity and 4.2x yearly operating earnings — a heavy load.
The market price is close to our estimated fair value (based on stated assumptions).
About ₹44 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic's multi-model valuation estimates NTPC Limited's fair value at ₹323 per share (range ₹154–₹386), last updated 23 October 2026. This is an estimate based on stated assumptions, not investment advice.
NTPC Limited trades at ₹298 against Intrynsic's estimated fair value of ₹323 - the market price is 8% below the estimate, i.e. below our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
NTPC Limited trades at about 10.7 times its latest annual earnings per share.
NTPC is India's largest power generator, running mostly coal plants under regulated returns while building a large renewables pipeline. The government owns a majority stake.
Intrynsic runs 3 valuation models for NTPC Limited (DCF, EV/EBITDA, EV/EBIT) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions- they are not investment advice, research recommendations, or an offer to transact in any security. The models rely on assumptions (discount rates, growth, multiples) that may prove wrong and on past financials, which do not guarantee future results; prices also move on macro factors the models don't capture. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy